GT DYNAMICS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GT DYNAMICS
Largest movements
- Stocks and contracts -€4,980
down €4,980 (-48.4%), from €10,286 to €5,306
- Cash +€4,580
up €4,580 (+60.7%), from €7,552 to €12,132
mainly Trade debts (+€30,997) and Net result for the year (+€7,493)
- Tangible fixed assets +€3,411
new in 2024: €3,411
- Receivables within one year +€2,183
up €2,183 (+3.8%), from €57,698 to €59,882
of which Trade receivables: +€2,183
- Trade debts +€30,997
new in 2024: €30,997
- Other debts -€18,730
down €18,730 (-51.6%), from €36,316 to €17,586
- Tax, wage and social debts -€14,565
down €14,565 (-45.1%), from €32,308 to €17,743
of which Taxes: -€12,401
- Profit (loss) carried forward +€7,493
up €7,493, from -€7,448 to €44
- Gross operating margin -€42,643
down €42,643 (-76.8%), from €55,557 to €12,913
- Depreciation -€6,554
down €6,554 (-91.0%), from €7,200 to €646
- Taxes +€2,488
up €2,488 (+802.7%), from €310 to €2,797
- Financial charges -€1,893
down €1,893 (-75.2%), from €2,518 to €625
- Other operating charges +€1,364
new in 2024: €1,364
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,536 | €80,730 | +€5,194 | +6.9% |
| Fixed assets | 21/28 | - | €3,411 | +€3,411 | |
| Tangible fixed assets | 22/27 | - | €3,411 | +€3,411 | |
| Plant, machinery and equipment | 23 | - | €3,411 | +€3,411 | |
| Current assets | 29/58 | €75,536 | €77,319 | +€1,784 | +2.4% |
| Stocks and contracts in progress | 3 | €10,286 | €5,306 | -€4,980 | -48.4% |
| Stocks | 30/36 | €10,286 | €5,306 | -€4,980 | -48.4% |
| Amounts receivable within one year | 40/41 | €57,698 | €59,882 | +€2,183 | +3.8% |
| Trade receivables | 40 | €56,298 | €58,482 | +€2,183 | +3.9% |
| Other amounts receivable | 41 | €1,400 | €1,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,552 | €12,132 | +€4,580 | +60.7% |
| Total equity and liabilities | 10/49 | €75,536 | €80,730 | +€5,194 | +6.9% |
| Equity | 10/15 | €6,912 | €14,404 | +€7,493 | +108.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,448 | €44 | +€7,493 | |
| Amounts payable | 17/49 | €68,624 | €66,326 | -€2,298 | -3.3% |
| Amounts payable within one year | 42/48 | €68,624 | €66,326 | -€2,298 | -3.3% |
| Trade debts | 44 | - | €30,997 | +€30,997 | |
| Suppliers | 440/4 | - | €30,997 | +€30,997 | |
| Taxes, remuneration and social security | 45 | €32,308 | €17,743 | -€14,565 | -45.1% |
| Taxes | 450/3 | €30,144 | €17,743 | -€12,401 | -41.1% |
| Remuneration and social security | 454/9 | €2,164 | - | -€2,164 | |
| Other amounts payable | 47/48 | €36,316 | €17,586 | -€18,730 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,200 | €646 | -€6,554 | -91.0% |
| Other operating charges | 640/8 | - | €1,364 | +€1,364 | |
| Gross operating margin | 9900 | €55,557 | €12,913 | -€42,643 | -76.8% |
| Operating profit (loss) | 9901 | €48,357 | €10,904 | -€37,453 | -77.5% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €2,518 | €625 | -€1,893 | -75.2% |
| Recurring financial charges | 65 | €2,518 | €625 | -€1,893 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €45,838 | €10,290 | -€35,548 | -77.6% |
| Income taxes | 67/77 | €310 | €2,797 | +€2,488 | +802.7% |
| Profit (loss) for the period | 9904 | €45,528 | €7,493 | -€38,036 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,528 | €7,493 | -€38,036 | -83.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.